Bangladesh Bank strengthens rules for MD/CEO appointments in NBFIs, requiring 20 years of experience, prior MD/CEO role, and Bangladesh Bank approval.
Bangladesh Bank has enhanced rules on appointments, reappointments, and dismissals of managing directors and CEOs in non-bank financial institutions (NBFIs), requiring candidates to have at least 20 years of banking/finance experience, prior MD/CEO role for 2+ years, and approval from Bangladesh Bank. The measures aim to ensure good governance and protect depositor interests, as well as curbing financial irregularities and bad loans.
March 25, 2024
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